Homework Answers
C is right option
Law of diminishing return defined as additional increments of resources are added to a certain purpose, the marginal benefit from those additional increments will decline. When government spend more amount on reducing crime.
Add Answer to:
newton ** CIO 152:47 8150 QUESTION 8 . 1 POINT As additional increments of resources are...
1. 2. 3. 4. 5. QUESTION 9.1 POINT Which of the following is not an example...
1.
2.
3.
4.
5.
QUESTION 9.1 POINT Which of the following is not an example of an economic model Select the correct answer below: the production possibilities frontier O the demand and supply framework o the market price of a good o the flow of payments in the economy FEEDBACK QUESTION 10 . 1 POINT Which of the following are considered financial intermediaries Select the correct answer below: insurance companies O pension funds banks O All of the above....
ple Unanswered QUESTIONS. 1 POINT At 120 units of output, marginal revenue is $7, marginal cost...
ple Unanswered QUESTIONS. 1 POINT At 120 units of output, marginal revenue is $7, marginal cost is $7, and average cost is $6. If consumers demand 120 units of output when the price is $10, what is the expected profit? Provide your answer below: D FEEDBACK Content attribution QUESTION O.1 POINT The table below shows costs and revenues for a monopoly firm. What is this monopolist's profit-maximizing price? Quantity Price Marginal Revenue Marginal Cost Average Cost (P) (MR) (MC) (AC)...
- 1 hour 8/20 QUESTION 13. 1 POINT According to the following reaction, if 29 moles...
- 1 hour 8/20 QUESTION 13. 1 POINT According to the following reaction, if 29 moles of oxygen (Og) were to react completely, how many moles of water would be produced? Enter answer as a whole number. 2H, +0, → 2H,O Provide your answer below: mol FEEDBACK Content attribution
Question 5 (1 point) Which of the following is not a result we would expect to...
Question 5 (1 point) Which of the following is not a result we would expect to result from a tariff on leather shoes? The price of leather shoes in the U.S. would increase The amount of shoes imported into the US. would decline. Fewer pairs of shoes would be sold in the U.S. Domestic producers would sell fewer shoes at the higher prices Question 6 (1 point) Which of the following arguments in favor of trade restrictions is of questionable...
Question 13 (1 point) The net benefit to buyers from participating in a market can be...
Question 13 (1 point) The net benefit to buyers from participating in a market can be measured by their total willingness-to-pay True False Question 14 (1 point) Suppose there are only two individuals in the market for a certain good. Individual A's inverse demand equation is P-8-0.5Qd and individual B's inverse demand equation is P 10-Qd. What is the aggregate demand equation for this market? Qd-14-1.5P Qd-12-2/3P Qd- 26-3P P-18-1.5Qd Question 15 (1 point) Technolopical Progress and the Marginal Cost...
Question 1 (1 point) (1 Point) We assume that the representative consumer's preferences exhibit the properties...
Question 1 (1 point) (1 Point) We assume that the representative consumer's preferences exhibit the properties that Oa) they evolve over time and that more is always preferred to less. Ob) more is sometimes preferred to less and that consumption and leisure are both normal goods c) more is preferred to less and that the consumer prefers diversity d) the consumer likes diversity and that more is sometimes preferred to less. Question 2 (1 point) (1 Point) A good is...
Question 1 (1 point) 1. The short run is a period of time in which the...
Question 1 (1 point) 1. The short run is a period of time in which the amount of output is fixed. nothing the firm does can be altered. the quantity of at least one factor of production is fixed. prices and wages are fixed. Question 2 (1 point) 2. When the demand for electricity peaks during the hottest days of summer, Florida Power and Light Company can generate more electricity by using more fuel and increasing the working hours of...
D Question 1 1 pts Consider the market for raspberries in Australia. Which of the following...
D Question 1 1 pts Consider the market for raspberries in Australia. Which of the following would most likely lead to a decrease in demand O A decrease in the price of gooseberries, a substitute for raspberries. An increase in the price of blueberries, a complement for raspberries A decrease in income if raspberries are an inferior good. O A severe frost that destroys most of the Tasmanian raspberry crop. Both a and b are correct. DI Question 2 1...
Question 1 Question 3 At one time, mest of the watches produced in Germany were sold...
Question 1 Question 3 At one time, mest of the watches produced in Germany were sold in Germany. Today, hewever, Germany both experts and imports watches, How could comparative advantage explain these data? The law of diminishing returns states that as additional increments of resources those additional increments_ the marginal bene it from Select the correct answer below Select the correct answer below: It cannot: comparative advantage predicts that a country either exports a product or imports it, not both...
QUESTION 22 In a competitive market the price is $8. A typical firm in the market...
QUESTION 22 In a competitive market the price is $8. A typical firm in the market has ATC - S6, AVC - S5, and MC - $8. How much economic profit is the firm earning in the short run? a. $2 per unit b. Si per unit c. $0 per unit Od.$3 per unit QUESTION 23 Which of the following factors is most likely to shift IBM's total cost and marginal cost curves downward? a. a technological advance resulting in...
1.
2.
3.
4.
5.
QUESTION 9.1 POINT Which of the following is not an example of an economic model Select the correct answer below: the production possibilities frontier O the demand and supply framework o the market price of a good o the flow of payments in the economy FEEDBACK QUESTION 10 . 1 POINT Which of the following are considered financial intermediaries Select the correct answer below: insurance companies O pension funds banks O All of the above....
ple Unanswered QUESTIONS. 1 POINT At 120 units of output, marginal revenue is $7, marginal cost is $7, and average cost is $6. If consumers demand 120 units of output when the price is $10, what is the expected profit? Provide your answer below: D FEEDBACK Content attribution QUESTION O.1 POINT The table below shows costs and revenues for a monopoly firm. What is this monopolist's profit-maximizing price? Quantity Price Marginal Revenue Marginal Cost Average Cost (P) (MR) (MC) (AC)...
- 1 hour 8/20 QUESTION 13. 1 POINT According to the following reaction, if 29 moles of oxygen (Og) were to react completely, how many moles of water would be produced? Enter answer as a whole number. 2H, +0, → 2H,O Provide your answer below: mol FEEDBACK Content attribution
Question 5 (1 point) Which of the following is not a result we would expect to result from a tariff on leather shoes? The price of leather shoes in the U.S. would increase The amount of shoes imported into the US. would decline. Fewer pairs of shoes would be sold in the U.S. Domestic producers would sell fewer shoes at the higher prices Question 6 (1 point) Which of the following arguments in favor of trade restrictions is of questionable...
Question 13 (1 point) The net benefit to buyers from participating in a market can be measured by their total willingness-to-pay True False Question 14 (1 point) Suppose there are only two individuals in the market for a certain good. Individual A's inverse demand equation is P-8-0.5Qd and individual B's inverse demand equation is P 10-Qd. What is the aggregate demand equation for this market? Qd-14-1.5P Qd-12-2/3P Qd- 26-3P P-18-1.5Qd Question 15 (1 point) Technolopical Progress and the Marginal Cost...
Question 1 (1 point) (1 Point) We assume that the representative consumer's preferences exhibit the properties that Oa) they evolve over time and that more is always preferred to less. Ob) more is sometimes preferred to less and that consumption and leisure are both normal goods c) more is preferred to less and that the consumer prefers diversity d) the consumer likes diversity and that more is sometimes preferred to less. Question 2 (1 point) (1 Point) A good is...
Question 1 (1 point) 1. The short run is a period of time in which the amount of output is fixed. nothing the firm does can be altered. the quantity of at least one factor of production is fixed. prices and wages are fixed. Question 2 (1 point) 2. When the demand for electricity peaks during the hottest days of summer, Florida Power and Light Company can generate more electricity by using more fuel and increasing the working hours of...
D Question 1 1 pts Consider the market for raspberries in Australia. Which of the following would most likely lead to a decrease in demand O A decrease in the price of gooseberries, a substitute for raspberries. An increase in the price of blueberries, a complement for raspberries A decrease in income if raspberries are an inferior good. O A severe frost that destroys most of the Tasmanian raspberry crop. Both a and b are correct. DI Question 2 1...
Question 1 Question 3 At one time, mest of the watches produced in Germany were sold in Germany. Today, hewever, Germany both experts and imports watches, How could comparative advantage explain these data? The law of diminishing returns states that as additional increments of resources those additional increments_ the marginal bene it from Select the correct answer below Select the correct answer below: It cannot: comparative advantage predicts that a country either exports a product or imports it, not both...
QUESTION 22 In a competitive market the price is $8. A typical firm in the market has ATC - S6, AVC - S5, and MC - $8. How much economic profit is the firm earning in the short run? a. $2 per unit b. Si per unit c. $0 per unit Od.$3 per unit QUESTION 23 Which of the following factors is most likely to shift IBM's total cost and marginal cost curves downward? a. a technological advance resulting in...
Most questions answered within 3 hours.
-
List and compare different forms of passive transport and active
transport.
asked 6 minutes ago -
In Netherland Dwarf rabbits, dwarf size is determined by allele
N, and normal-size by allele n....
asked 12 minutes ago -
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as...
asked 27 minutes ago -
Consider testing the
hypotheses:
H0: p = 0.56
H1: p > 0.56
where p is
the...
asked 30 minutes ago -
In a two-factor analysis of variance a main effect is defined as
____.
a. the unique...
asked 37 minutes ago -
A bank's loan officer rates applicants for credit. The ratings
are normally distributed with a mean...
asked 38 minutes ago -
Fill in the following information for Adipic Acid: molecular
weight, g or ml, mole, melting point,...
asked 43 minutes ago -
how
to use a for loop to iterate over the string below and print each
character...
asked 45 minutes ago -
Please type answer, Thanks.
Respond to the following in a minimum of 175
words:
Research industry...
asked 44 minutes ago -
Assume that all interest rates in the economy increase from 9
percent to 10 percent. Which...
asked 54 minutes ago -
Describe the function of a Change Control Board.
When calculating Planned Value (PV), what is the...
asked 1 hour ago -
The customer help center in your company receives calls from
customers who need help with some...
asked 1 hour ago